Swiss National Bank Lowers Holdings in Stantec Inc. $STN

Swiss National Bank lowered its holdings in shares of Stantec Inc. (NYSE:STN) (TSE:STN) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 328,270 shares of the business services provider’s stock after selling 18,600 shares during the period. Swiss National Bank’s holdings in Stantec were worth $35,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its holdings in Stantec by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after purchasing an additional 126 shares in the last quarter. Simplex Trading LLC purchased a new stake in Stantec during the 2nd quarter valued at approximately $32,000. Tower Research Capital LLC TRC raised its position in shares of Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after buying an additional 411 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Stantec by 122.5% during the second quarter. PNC Financial Services Group Inc. now owns 712 shares of the business services provider’s stock valued at $77,000 after buying an additional 392 shares during the last quarter. Finally, McIlrath & Eck LLC purchased a new position in shares of Stantec in the second quarter worth $143,000. Institutional investors own 63.86% of the company’s stock.

Stantec Price Performance

STN traded down $0.37 during trading hours on Friday, hitting $88.48. The company’s stock had a trading volume of 30,682 shares, compared to its average volume of 333,116. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 29.40 and a beta of 1.12. The business’s 50-day moving average price is $95.64 and its 200-day moving average price is $101.40. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47. Stantec Inc. has a 12 month low of $77.07 and a 12 month high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. Stantec had a net margin of 5.90% and a return on equity of 17.56%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.65 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Sell-side analysts expect that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Stantec’s previous quarterly dividend of $0.23. Stantec’s payout ratio is 21.85%.

Wall Street Analyst Weigh In

STN has been the subject of several research analyst reports. Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Desjardins reissued a “buy” rating on shares of Stantec in a report on Monday, November 17th. Royal Bank Of Canada raised their price objective on Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Finally, Scotiabank reiterated an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.00.

Stantec Company Profile

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.